1. Even though globalization affects the world economies in a very positive way, its negative side should not be forgotten. Discuss.

Globalization
has benefited many developing countries across the
globe but
Accept comma addition
globe, but
undoubtedly at the same time has impacted developed nations.
Globalization
has caused
major impact
Suggestion
a major impact
in terms of loss in job opportunities in the more developed countries which resulted in shift of jobs to poor, weaker nations. It has
also
caused
concentration
Suggestion
the concentration
a concentration
of wealth and power in
hands
Suggestion
the hands
of
small corporate elite
Suggestion
a small corporate elite
which gobbled up smaller competitors around globe.
Furthermore
,
extensive
Suggestion
extensively
damaged is caused to environments. Greenhouse emission rose
instead
of trying to curtail them.
However
, weak and developing nations got top notch opportunities on their way as spread of technologies, products, jobs across the borders has fostered interdependence of nations. It
also
resulted in the standard of living in less developed countries as majority of
job
Suggestion
jobs
were outsourced to these countries.
In addition
,
globalization
resulted in less operating cost as cheap raw material can be purchased by importing part from countries with zero import tax duty.
For example
, A car manufacturer based in Japan can manufacture auto parts in several developing countries, ship the parts to another country for assembly,
then
sell the finished car to any nation. China and India are foremost examples of nations that have benefited from
globalization
. To conclude, in my opinion advantages of
globalization
outweigh
Suggestion
outweighs
over its disadvantages. It’s almost necessary to embrace
globalization
and conduct business internationally if one wants company to be competitive in the global marketplace.

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